Overview

• Stephen A. Smith's new five-year contract with ESPN is worth at least $100 million, marking a significant raise from his previous $12 million annual salary.
• Smith will continue as the featured commentator and executive producer of ESPN's flagship show, 'First Take,' while reducing his presence on other network programs like 'NBA Countdown.'
• The deal grants Smith more flexibility to engage in political commentary on his podcast and other platforms, fueling speculation about his broader ambitions in the political arena.
• This contract underscores ESPN's strategy to retain top-tier talent as it adapts to a changing media landscape and competition from streaming platforms.
• Smith has dismissed rumors of a 2028 presidential run, stating he is focused on his current career but remains open to discussing politics in his expanded media role.